I saw a viewpoint that several exchanges have been crazily pushing token stocks recently. Besides quickly seizing this market, there is also the purpose of disrupting the pricing of tokens on the exchanges. Recently, the Alpha craze made many project parties that had taken 3.5 - 4% of token shares reluctant to offer more tokens to other exchanges. However, with token stocks, it is impossible to have stock companies give 3 - 4% of their shares for token listings or airdrop shares, as this would undermine the pricing power of certain exchanges. The day before yesterday, Robinhood airdropped stocks of SpaceX and OpenAI to all users in Europe, setting a precedent. This means that all unlisted companies can consider doing an airdrop with me first, and then synchronize the market price after going public in the future. Essentially, everyone is now trying to quickly mature this sector, gain enough market share, and then obtain new pricing power for token listings. After all, this trend is about crypto companies going public, not just issuing tokens.